Annual Shareholders Meeting Minutes December 27, 2008





Shareholder’s Town Meeting – December 27, 2008

Shareholder Town Meeting

Minutes –Saturday, December 27, 2008



After due notice, a Shareholder Town Meeting of the Mad River Glen Cooperative was convened at 5:00 p.m. on Saturday, December 27, 2008 in the Basebox at Mad River Glen Ski Area (“MRG”) in Fayston, Vermont.


Trustees Jay Appleton, Lars Bruns (Vice Chair), Paul Finnerty, Geordie Hall, Betsy Jondro, Bill Reynolds (Chair) were present.Trustees Liz Godwin (Secretary), Jed Kalkstein and Eric Schoenholz (Treasurer) were absent.Also present were President Jamey Wimble, Marketing Director Eric Friedman, and approximately twelve shareholders.


Call to Order


Trustee Reynolds called the meeting to order at 5:05 p.m.



Chairman’s Remarks – Trustee Reynolds


Trustee Reynolds opened the meeting with a presentation of plaques recognizing service on the Board of Trustees by former Trustees Rick Moulton, Stephen Mackenzie and Richard Singer.Rick Moulton accepted his plaque. President Wimble accepted plaques on behalf of Stephen Mackenzie and Richard Singer.


Report on Financial Audit 2007-08 – Trustee Bruns


Trustee Bruns presented the Finance Committee’s report on the financial audit for 2007-2008, which included a review of significant financial events, the audited financial results, cash flows, historical financial trends and the Co-op’s financial strategy.A copy of the presentation can be found at [link].


Shareholders asked a number of specific questions on a variety of topics related to the financial audit.


Other Q&A


Trustee Reynolds opened the floor to general questions. Shareholders asked questions on a number of topics including building maintenance and the priorities for future capital expenditures.


Trustee Reynolds adjourned the meeting at 5:40 p.m.